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of <h1>Finance Bill 2020 introduces Section 28DA to the Customs Act, detailing rules for claiming preferential duty rates.</h1> Clause 108 of the Finance Bill, 2020 proposes the addition of Chapter VAA to the Customs Act, introducing section 28DA, which governs the administration of rules of origin under trade agreements. Importers claiming preferential duty rates must declare goods as originating per the agreement, maintain sufficient information on origin criteria, and ensure accuracy. The provision allows customs officers to request further information if origin criteria are doubted. Preferential treatment can be suspended or disallowed if information is inadequate or unsatisfactory. The section outlines procedures for verification, security deposits, and conditions under which preferential tariffs may be refused or reinstated.
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